The University of Iowa Hospitals and Clinics, which generates 8,233 jobs, has a $686 million impact on the state’s economy, according to a recent study conducted by the Iowa Hospital Association.
Those numbers are even higher when considering the UI Roy J. and Lucille A Carver College of Medicine, according to industry experts. When combined, the UIHC and the UI College of Medicine have a total employment impact of 32,598 jobs, supporting $277,075 in revenue and providing a total economic impact for the state of $4.6 billion, according to a UI news release.
UI Vice President for Medical Affairs Jean Robillard said in a statement that the hospital’s economic reach long has extended beyond Johnson County.
“We are proud to serve Iowans from all walks of life and from all corners of the state,” he said.
But UIHC CEO Kenneth Kates said the hospital takes the greatest pride in the healthcare it provides and the medical research it conducts.
“While all of those figures are very impressive, what is even more important is the impact our faculty and staff have upon the health and wellbeing of our residents,” Kates said in a news release. “The value of the high quality care they provide is priceless.”
The hospital association’s study found that, when combined, all of Iowa’s 118 hospitals directly employ 71,437 people and create another 48,553 jobs outside the hospital sector. As a source of income, hospitals provide $4.2 billion in salaries and benefits and generate another $1.8 billion through additional jobs that depend on the hospitals, according to University News Services.
The job figures make Iowa’s hospitals the ninth largest non-agriculture employer in the state, according to the study. And retail sales generated by hospitals and their employees exceed $1.6 billion, generating sales tax worth nearly $99 million.In Cedar Rapids, according to the report, Unity Point Health- St. Luke’s Hospital generates 2,988 jobs, resulting in a total economic impact for the state of $237 million. Mercy Medical Center generates 2,526 jobs, creating an impact of $186 million, according to the report.